📰 Blockchain Morning News - November 18, 2024 📷Exclusive interpretation of the latest developments in the cryptocurrency world, don’t miss it!
1. Market dynamics
🎯Bitcoin ($BTC): Bitcoin is fluctuating at a high level, especially over the weekend, due to the lack of major positive support such as ETFs. However, the market is clearly betting on its future, with open interest in Bitcoin contracts exceeding $55 billion across the network, and El Salvador holding 5,936.7 Bitcoins, maintaining a Bitcoin-friendly image.
💫Ethereum ($ETH): Ethereum underperformed with little on-chain activity.
🌈Solana ($SOL): Solana is just one step away from its all-time high, with a 10% increase yesterday. Its market value has surpassed Sony and Medtronic, ranking 165th in the global asset market value, and its value seems to be being re-evaluated by the market.
🎗Binance Coin ($BNB): BNB remains stable with low volatility.
2. Industry hot spots🎯
💡Dogecoin ($DOGE): As a "government efficiency department", Dogecoin plans to remove certain institutions to optimize the governance structure. Its leader Vivek emphasized that DOGE is not only about efficiency, but also about restoring autonomy.
💫Peanut ($PNUT): $PNUT has experienced large fluctuations, rebounding from below $1.5 to $1.8. The large volatility is not suitable for high leverage transactions.
💎Meme coin $MIGGLES: $MIGGLES performed well on the Base platform, with a 7-day increase of 18.81%, and is expected to be listed on major exchanges.
💡Maneki ($MANEKI): $MANEKI’s price surged over 100% after the announcement that it is expected to be listed on Binance. It is now awaiting official confirmation.
💎BONK: BONK rose 16% to a record high thanks to the core developer token destruction activity, and plans to further reduce circulation before Christmas, which seems to be a large-scale market operation.
3. Industry trends🎯
💡Market adjustment: The market entered a period of adjustment after experiencing a surge. Greeks.live pointed out that the implied volatility (IV) in the options market was at a low level.
#descitheme coins: After the#descitheme craze, tokens such as $RIF and $URO first pulled back and then rebounded in the early morning, approaching historical highs, and the founder of @WTFAcademy_ strongly supported Sci-Hub through Solana.
💡BlackRock Forecast: BlackRock's chief investment officer predicts that the Federal Reserve will cut interest rates by 25 basis points next month and continue to cut interest rates next year.
💫MN Trading: The founder of MN Trading expressed satisfaction with the long-term investment strategy of holding altcoins.
💎ETHGlobal: The ETHGlobal hackathon showcased innovative projects such as AI agents, DAO tools, and crypto games based on Telegram.
💥Token unlocking: This week, tokens such as ROSE, ADA and ENA will see large amounts of unlocking, which may affect market supply and demand.
💡BlackRock Holdings: BlackRock’s IBIT holdings are worth over $42.8 billion, demonstrating its huge confidence in Bitcoin.
💡He Yi reminds: He Yi reminds users that their Telegram accounts have been maliciously blocked, and the potential risk of fraud has increased.
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